Islam Saeed Books
Friday, 09 June 2023 01:30 PM
witness gold prices In Egypt, today, Friday, a remarkable stability in trading, and a gram of gold recorded 21 caliber– It is the best-selling in Egypt – 2340 pounds per gram, without any manufacturing fees or fees.
Gold prices today:
21 karat records 2340 pounds.
18 karat records 2006 pounds.
24 karat records 2674 pounds.
The gold pound is 18,720 pounds.
The current price in the gold markets is 6.4% higher than the price bottom that was recorded at 2200 pounds per gram, and 16.4% lower than the historical high that gold recorded at 2800 pounds per gram.
The price area in which gold is currently moving was able to hold out for nearly two weeks, and during this week weak movements dominated prices, especially with the local and global markets anticipating any developments in the markets, according to Gold Billion analysis.
Recent government moves have greatly contributed to achieving stability in the financial markets in general and gold markets in particular, beginning with the initiatives implemented by the concerned authorities such as allowing gold imports without customs duties in addition to reducing the workmanship of gold artifacts.
Citigroup, the international financial institution, expected that Egypt would be able to avoid a new decrease in the exchange rate of the pound against the dollar until at least next September, with the increase in tourism revenues and expected sales of government companies, which would help the government avoid taking this decision.
The American Banking Group indicated that market sentiment has changed regarding the future of the Egyptian economy after the intensive moves by the Egyptian government to sell state-owned companies or list shares of these companies on the stock exchange, in addition to the expected recovery of tourism revenues this year, which positively affected gold.
2023-06-09 10:30:00
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